China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

☆ Yσɠƚԋσʂ ☆ · 3 years ago

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

201dberg · 3 years ago

Is there a non-paywalled article?

☆ Yσɠƚԋσʂ ☆ · 3 years ago

Sadly couldn’t find one, saw it in this thread originally https://bird.trom.tf/michaelxpettis/status/1610265849528717318

陆船。 · 3 years ago

Although we must remember here that China’s banks are fully owned by the Communist Party, and social stability often takes precedence over the raw pursuit of profit, so their lending practices cannot be compared like-for-like against those of Western banks.

I love how they can just say that aloud without any introspection.

☆ Yσɠƚԋσʂ ☆ · 3 years ago

lol right

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

China's property sector is effectively being nationalized, with the market share of private developers plunging "from 70% before the crisis to somewhere between 10% to 20% over the next three years."

Year in Review: China’s Property Market at a Turning Point - Caixin Global